Critical Analysis: Germany’s Bailouts – What Might This Mean for Spain?

At 10 a.m. Wednesday, Germany’s Federal Constitutional Court approved Chancellor Angela Merkel’s proposal to support the bailout plan for the 17 countries in the euro zone: the European Stability Mechanism (“E.S.M.”).  The ESM, a continental version of the International Monetary Fund, will handle bailouts and work with the European Central Bank to buy the bonds … Read more

Critical Analysis: European Union Economic Position – Spanish Bailout

As the world market continues to struggle, Spanish Officials refuse aid for a possible bank bailout.  Spain’s Economy Minister, Luis de Guindos, spoke in Brussels regarding Spain’s economic position.  In responding to recent reports that Spain would be seeking a bailout for its banks, Mr. de Guindos stated, “I have absolutely not discussed any intervention … Read more